INVESTING

Forex Brokers

Monitored brokers who operate on the Forex market so that you and other traders can access reliable information about each broker company

PROS:
  • Spreads from 0.0 pips on major forex pairs
  • No minimum deposit to start trading
  • Zero commission on US Share CFDs
  • Full platform range including TradingView
  • Regulated by ASIC, VFSC, and FSA
CONS:
  • Islamic account option is not available
  • No set trading hours for customer support
  • Limited educational materials
  • Inactivity fee policy unclear
  • Support only available via email (no live chat or phone)
PROS:
  • Fully regulated in both Seychelles and the UAE
  • Zero commission trades lower total trading costs
  • Wide asset coverage including treasuries and equities
  • MT4, MT5, and 4T Trader support advanced and automated trading
  • Excellent mobile compatibility across devices
CONS:
  • Trading conditions like spreads and leverage are not disclosed
  • No detail on negative balance protection
  • Copy trading and social trading features are absent
  • Missing extras like webinars and interactive courses
  • Deposit/withdrawal fees and methods not listed
PROS:
  • Supports MT4 and MT5 with institutional-grade liquidity.
  • Offers 1,000+ CFDs across forex, stocks, crypto, and more.
  • Copy trading with FXT CopyPro for passive traders.
  • Mobile-friendly via the FXT App with secure encryption.
  • Competitive pricing with spreads from 0.0 pips (Pro account).
CONS:
  • Offshore regulation under VFSC, not Tier-1.
  • No Islamic, joint, or corporate accounts.
  • Key metrics like leverage and margin levels not disclosed.
  • No 2FA or advanced security layers noted.
  • Customer support details and hours not listed.
PROS:
  • Zero-commission trading
  • Over 16,000 tradeable assets
  • Offers multiple user-friendly trading platforms
  • Demo account for risk-free practice
  • Rich educational content and 1-on-1 guidance
CONS:
  • Minimum deposit amount is not disclosed
  • Does not openly mention Islamic account options
  • Regulated by an offshore authority, not Tier-1
  • Unclear deposit and withdrawal processes
  • Lack of detailed spreads or fee structure disclosure
Exnova is a multi-asset online trading platform offering over 250+ instruments including forex, crypto, stocks, and commodities. Known for its sleek interface, low $10 deposit, and negative balance protection, Exnova caters primarily to beginner and intermediate traders. However, it operates without regulation from major financial authorities, which may pose risks for capital-heavy or compliance-focused users.
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Trust & Regulatory Status
3.1
Tradable Instruments
3.4
Fees
2.9
Account Types
3.7
Platform and Tools
4
Deposit and Withdrawal
5
Customer Support
4.1
Research and Education
2.2
Mobile Trading
2.3
Security
3.5
PROS:
  • Clean, intuitive interface on both desktop and mobile
  • Start trading with just $10
  • 250+ instruments including forex, stocks, crypto, commodities, and ETFs
  • Free demo available for risk-free practice
  • Quick order processing with minimal slippage
  • Regular promotions and trading competitions
CONS:
  • Not overseen by any major financial authority
  • No MetaTrader 4 or 5 support
  • Some users report withdrawal delays or issues
  • Not available in the U.S., E.U., and certain other regions
Dominion Markets is a modern online trading platform offering access to forex, cryptocurrencies, indices, stocks, and commodities. With cTrader integration, high leverage, and support for crypto transactions, it caters to global traders seeking flexible, fast, and feature-rich trading experiences.
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Trust & Regulatory Status
3.8
4.3
Fees
4.6
Account Types
4.4
Platform and Tools
5
Deposit and Withdrawal
5.8
Customer Support
5.3
Research and Education
4.8
Mobile Trading
5
Security
5
PROS:
  • Low spreads and ultra-fast trade execution reported by users.
  • Offers cTrader and MT5 with advanced analytics and automation features.
  • Trade 55+ forex pairs, 35+ cryptos, stocks, indices, and commodities.
  • Shariah-compliant accounts with no overnight interest charges.
  • Supports cTrader Copy and active trader communities via Discord.
CONS:
  • Regulated in Mauritius, not by top-tier authorities like FCA or ASIC.
  • Restricted in regions like the U.S., EU, and Canada.
  • Lacks clarity in some areas like fee breakdowns and asset types.
  • Positive reviews on execution; some concerns over withdrawals and regulation.
Libertex is a CySEC-regulated trading platform founded in 1997, offering over 300 assets including forex, stocks, crypto, and commodities. With a zero-spread pricing model, intuitive platform options (WebTrader, MT4, MT5), and a long-standing industry reputation, it appeals to both beginner and professional traders across Europe and other supported regions.
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Trust & Regulatory Status
3.5
Tradable Instruments
4
Fees
3.9
Account Types
4.2
Platform and Tools
5
Deposit and Withdrawal
5
Customer Support
4.5
Research and Education
2.4
Mobile Trading
5.8
Security
4.6
PROS:
  • Over 25 years in the industry with millions of clients worldwide.
  • Regulated by CySEC, ensuring compliance with European financial standards.
  • Transparent zero-spread trading with fixed per-trade commissions.
  • Intuitive WebTrader and mobile app designed for beginner-friendly use.
  • Offers MT4 and MT5 platforms with advanced tools and automation.
  • Trade forex, stocks, commodities, crypto, ETFs, and indices.
  • Access to educational resources and strategy guides for all levels.
CONS:
  • Per-trade commissions may be higher despite zero spreads.
  • Customer support is limited to business hours only.
  • Not available in the U.S., Canada, or Japan.
  • No option for Islamic (swap-free) trading accounts.
xChief is a forex and CFD broker established in 2014, offering a range of account types with leverage up to 1:1000 and a minimum deposit starting from $10.
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Trust & Regulatory Status
5
Tradable Instruments
4.2
Fees
3.6
Account Types
3.9
Platform and Tools
5.4
Deposit and Withdrawal
2.8
Customer Support
3.7
Research and Education
4
Mobile Trading
2.7
Security
4.4
PROS:
  • Access to forex, stocks, commodities, indices, and cryptocurrencies
  • Supports MetaTrader 4, MetaTrader 5, and a proprietary mobile app
  • Offers tight spreads and leverage up to 1:1000
  • Licensed by MISA in the Comoros
  • 24/7 customer support via live chat, email, and social media
CONS:
  • MISA regulation may lack recognition compared to major financial bodies
  • Limited transparency on company financials and ownership
  • Services unavailable in certain countries due to regulatory restrictions
Saxo is a globally recognized broker founded in 1992 and headquartered in Copenhagen, Denmark. Regulated by top-tier authorities like the FCA, MAS, and ASIC, Saxo offers access to over 71,000 instruments, including forex, stocks, ETFs, bonds, commodities, and crypto ETPs. With award-winning platforms like SaxoTraderGO and SaxoTraderPRO, the broker provides a professional and secure trading environment suited for both individual and institutional clients. Saxo emphasizes client protection through fund segregation, negative balance protection for retail clients, and cutting-edge cybersecurity measures.
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Trust & Regulatory Status
4.7
Tradable Instruments
5
Fees
5
Account Types
6.5
Platform and Tools
5.9
Deposit and Withdrawal
6.4
Customer Support
5.9
Research and Education
4
Mobile Trading
3.4
Security
6
PROS:
  • Saxo offers access to over 71,000 instruments, including forex, stocks, ETFs, bonds, options, futures, commodities, and crypto ETPs, giving traders unparalleled diversification opportunities.
  • The SaxoTraderGO and SaxoTraderPRO platforms are highly regarded for their intuitive design, advanced charting tools, and powerful functionalities suited for both retail and professional traders.
  • Saxo is licensed by multiple top-tier financial regulators, including the FCA (UK), MAS (Singapore), and ASIC (Australia), ensuring a high level of client protection and operational transparency.
  • Saxo provides a wealth of market insights, webinars, tutorials, and trading strategies to help clients make informed investment decisions.
  • Higher-tier account holders (Platinum and VIP) benefit from lower fees, better service, and personalized relationship management.
CONS:
  • Accessing better spreads and services through Platinum and VIP accounts requires a substantial minimum deposit.
  • Saxo charges inactivity fees if an account remains dormant for an extended period, which can deter occasional traders.
  • Although transparent, Saxo’s commission and fee structures can be complex and may require careful review to fully understand potential trading costs.
  • Due to regulatory constraints, Saxo’s services are not available to clients based in the United States.
VCG Markets is a globally operating forex and CFD broker established in 2020 and regulated by the FSC of Mauritius. The broker offers over 500 tradable instruments across forex, commodities, indices, shares, and cryptocurrencies. It supports MetaTrader 5 and a proprietary mobile app, caters to both beginners and professionals with two account types, and provides risk management features such as negative balance protection. VCG Markets is known for its user-friendly interface, fast execution, and promotional offers including a 100% deposit bonus.
More details +
Trust & Regulatory Status
6.8
Tradable Instruments
6
Fees
5.8
Account Types
6.8
Platform and Tools
6.4
Deposit and Withdrawal
7.3
Customer Support
6.5
Research and Education
7
Mobile Trading
7.3
Security
6.8
PROS:
  • Regulated Broker: Operates under the oversight of the FSC of Mauritius, ensuring adherence to regulatory standards .
  • Diverse Asset Offerings: Access to a wide range of instruments, including forex, commodities, indices, shares, and cryptocurrencies .
  • Advanced Trading Platforms: Supports MetaTrader 5 and a proprietary mobile app, catering to various trading preferences .
  • Risk Management Features: Offers negative balance protection and segregated client funds for enhanced security .
  • Promotional Offers: Provides a 100% credit bonus up to $1,000 for new traders .
CONS:
  • Limited Account Types: Only two account options (Standard and Premium), which may not cater to all trader needs .
  • Geographic Restrictions: Services are not available to residents of certain countries, including the U.S., Belgium, Canada, and Singapore .
  • Minimum Deposit for Premium Account: A higher entry threshold of $5,000 may be prohibitive for some traders .
  • Limited Educational Resources: The broker's website provides minimal educational content for beginner traders.
ScoreCM is a Mauritius-based CFD broker established in 2019, providing access to forex, commodities, indices, and cryptocurrencies through MetaTrader 4 and MetaTrader 5 platforms. Offering leverage up to 1:500, negative balance protection, and flexible account options, ScoreCM caters to both beginners and experienced traders. While regulated by the Mauritius Financial Services Commission (FSC), its offshore status may be a consideration for risk-conscious clients seeking stronger regulatory frameworks.
More details +
Trust & Regulatory Status
2.8
Tradable Instruments
3.2
Fees
4.6
Account Types
5
Platform and Tools
4
Deposit and Withdrawal
4.1
Customer Support
5
Research and Education
5.7
Mobile Trading
5
Security
5.1
PROS:
  • Diverse Trading Platforms: ScoreCM supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offering robust functionality for different trading strategies, including algorithmic trading.
  • Wide Range of Tradable Assets: Clients can access CFDs on forex, commodities, indices, and cryptocurrencies, allowing for diversified portfolio management.
  • High Leverage Options: Leverage up to 1:500 is available, which can amplify trading positions with relatively small capital, appealing to experienced traders.
  • Competitive Minimum Deposit: The Standard account requires a low minimum deposit of $100, making the broker accessible to beginners.
  • Negative Balance Protection: Ensures that clients cannot lose more than their account balance, enhancing risk management.
CONS:
  • Offshore Regulation: ScoreCM is regulated by the Mauritius Financial Services Commission (FSC), which may not offer the same level of investor protection as stricter regulatory bodies like the FCA (UK) or ASIC (Australia).
  • Limited Educational Resources: The broker provides minimal learning materials or research tools compared to some industry peers.
  • No Significant Industry Awards: Lacks recognized accolades that validate service quality or market standing.
  • Restricted Jurisdictions: Services are not available in key markets like the United States and Canada, limiting global accessibility.
GCEX (GC Exchange Limited) is a UK-headquartered digital prime brokerage firm founded in 2018. Regulated by top-tier authorities, GCEX provides institutional and professional clients with access to a wide range of assets including forex, commodities, indices, and cryptocurrencies, supported by its proprietary XplorDigital® technology suite.
More details +
Trust & Regulatory Status
5.5
Tradable Instruments
6.3
Fees
3
Account Types
5
Platform and Tools
5.4
Deposit and Withdrawal
5.8
Customer Support
4
Research and Education
4.8
Mobile Trading
3.8
Security
4.4
PROS:
  • Multi-Asset Access: Offers trading in forex, crypto CFDs, indices, and commodities—all through a single prime brokerage.
  • Regulated Across Multiple Jurisdictions: Holds licenses from the FCA (UK), FSA (Denmark), LFSA (Malaysia), and provisional approval from VARA (Dubai).
  • Award-Winning Liquidity Provider: Recognized as the Best Crypto CFD Liquidity Provider for three consecutive years by the Global Forex Awards – B2B.
  • Institutional-Grade Technology: Proprietary platforms under the XplorDigital® suite deliver fast execution and customizable white-label solutions.
  • White-Label Solutions: Enables brokers to quickly deploy branded trading platforms through “Broker in a Box” and “Crypto in a Box.”
CONS:
  • No Retail Trading Access: Services are exclusively for institutional and professional clients, excluding individual retail traders.
  • Limited Public Trading Education: Unlike retail brokers, GCEX does not offer public-facing educational materials or market analysis.
  • Complex Onboarding for New Institutions: The setup process, while secure and thorough, may be slower due to compliance and verification protocols.
  • No Proprietary Mobile App for Trading: While GCEX offers platform integrations, there’s limited native mobile trading functionality compared to some competitors.
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